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Technology Stocks : SILICON STORAGE SSTI Flash Mem -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (582)	6/27/2000 2:49:00 AM
From: Allegoria	Read Replies (1) \| Respond to of 1881

In a word - manipulation by a firm to load up on shares at cheap prices. SSTI has a very small float and is 54% institutionally owned, therefore fairly easy to move. CNBC reported that an analyst (at Soundview??) mentioned that the shortage in flash memory was drying up... i.e. the supply / demand equation evolving into equilibrium. However this view was quickly challenged. "We're still very early in the adoption of flash memory, because we're still very early in the adoption of the products that use flash," says Drew Peck, semiconductor analyst at SG Cowen. "They're primarily digital cameras, MP3 players and PCs, and the use of flash in PCs is relatively recent. We're seeing an explosion of demand from what was a very small base, and it's difficult for manufacturers to keep up." Any new production capacity that was announced by either INTL or AMD recently is not scheduled to be productive until 2001 at the earliest, so IMO this was an effort to force the weak hands out of the stock and load up for themselves. Good luck, Eric